XML 88 R75.htm IDEA: XBRL DOCUMENT v3.21.2
SHARE-BASED COMPENSATION - Stock Option Activity (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Weighted Average Exercise Price Per Share          
Exercised, weighted average exercise price per share (in dollars per share)     $ 17.47    
Share based compensation expense $ 24,350,000 $ 34,710,000 $ 80,277,000 $ 96,974,000  
Share based compensation - Unrecognized deferred compensation cost $ 129,972,000   $ 129,972,000    
Risk-free interest rate     1.02%    
Expected life (in years)     6 years 3 months 3 days    
Dividend yield     0.00%    
Volatility     33.02%    
Grant date fair value     $ 10.88    
2017 LTIP          
Weighted Average Exercise Price Per Share          
Beginning balance (in dollars per share)     25.52    
Granted (in dollars per share)     33.66    
Forfeited (in dollars per share)     27.45    
Ending balance (in dollars per share) $ 26.01   26.01    
Options exercisable (in dollars per share) $ 21.02   $ 21.02    
Options outstanding, Weighted Average Remaining Contractual Term (in years)     7 years 11 months 8 days 8 years 8 months 8 days  
Options exercisable, Weighted Average Remaining Contractual Term (in years)     6 years 2 months 12 days    
Options outstanding, Aggregate Intrinsic Value $ 23,844,000   $ 23,844,000   $ 457,608,000
Options exercisable, Aggregate Intrinsic Value $ 9,168,000   $ 9,168,000    
2017 LTIP | Share-based Payment Arrangement, Option [Member]          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]          
Beginning balance (in shares)     37,062,146    
Granted (in shares)     1,102,435    
Option exercises     1,368,156    
Forfeited (in shares)     (1,406,985)    
Ending balance (in shares) 35,389,440   35,389,440    
Options exercisable (in shares) 4,287,028   4,287,028    
Weighted Average Exercise Price Per Share          
Share based compensation expense $ 21,886,000 27,601,000 $ 70,582,000 $ 73,277,000  
Share based compensation - Unrecognized deferred compensation cost 77,110,000   $ 77,110,000    
Expected time (in years) unrecogized compensation costs relating to share based awards will be recognized     2 years 3 months    
2017 LTIP | Performance Shares          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]          
Granted (in shares)     7,071,416    
Weighted Average Exercise Price Per Share          
Share based compensation expense 2,286,000 4,958,000 $ 8,136,000 13,278,000  
Share based compensation - Unrecognized deferred compensation cost 52,765,000   $ 52,765,000    
Expected time (in years) unrecogized compensation costs relating to share based awards will be recognized     4 years 4 months 17 days    
Grant date fair value     $ 10.65    
2019 LTIP | Restricted Stock          
Weighted Average Exercise Price Per Share          
Share based compensation expense 178,000 $ 653,000 $ 756,000 $ 1,864,000  
Share based compensation - Unrecognized deferred compensation cost 97,000   97,000    
2021 Lightpath Incentive Plan          
Weighted Average Exercise Price Per Share          
Grant date fair value of award units $ 43,600,000   $ 43,600,000    
2021 Lightpath Incentive Plan | Class A-1 management incentive units          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]          
Granted (in shares)     433,225    
Weighted Average Exercise Price Per Share          
Awards authorized (in shares) 650,000   650,000    
2021 Lightpath Incentive Plan | Class A-2 management incentive units          
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]          
Granted (in shares)     216,617    
Weighted Average Exercise Price Per Share          
Awards authorized (in shares) 350,000   350,000